Population

Japan suffered record population drop in 2018

Elderly Japanese woman with an umbrella
Senior Japanese woman with an umbrella on Taketomi Island, Japan. Photo: Eric Lafforgue/Art In All Of Us/Corbis via Getty Images.

Government statistics show Japan experienced its largest natural population decline ever in 2018, CNN reports, with a record-low birthrate and deaths hitting a post-war record high.

The big picture: "Japan is a 'super-aged' nation, meaning more than 20% of its population is older than 65. The country's total population stands at 124 million this year — but by 2065 it is expected to have dropped to about 88 million."

Go deeper: Extreme shrinking and aging in Japan

In the coming decades, seniors will work long past 65

Photo: James Leynse/Corbis/Getty Images

The developed world is aging — in the coming decades, the U.S., Europe and nations across Asia will have hundreds of millions more people who are 60 and older.

The big picture: Much of this coming avalanche of senior citizens won't be playing pinochle at retirement homes. Instead, if technology optimists are correct that advanced economies will continue to need massive numbers of workers despite automation, hiring will continue to be tight. Because they have the most experience, older employees are going to be in huge demand and will work a decade and perhaps longer past 65.

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